Quote from: wuvdoll on March 16, 2019, 07:56:32 AM

This seems to be an useful stuff for those geek turned traders to automate their trading strategies. I keep on getting various tutorials on python programming but unfortunately my hectic schedules never allow me to check with them for at least once. After youtube and various trading/investment related sites like investopedia, these types of creating our own bots is gaining momentum but not sure about the final results with trader's performances.

I believe using bots to save time by automatizing our routine works will definitely lead to significant improvements in our overall performances.

For traders, bots will be useful and risk-free up to the point of filtering out trading pairs based on their certain selection criteria but opening a new trade should be manual and highly recommended. Never rush to use bots with your "actual capital". Test multiple times in demo accounts or with least capital before touching the "actual".

I think that none from us is able to code and run bot that will automatically daytrade (buy + sell day by day). That's too hard. But we can try to code and run bot that will:
1 - autotrade by arbitrage strategy - low risk, easy to code, low profit
2 - autotrade by scalping strategy (adding liquidity to exchange, just trying to be at first position at bids and asks when good spread appear with low bet on various coins) - low risk, medium to code, low profit
3 - manual trader help by enabling more advance buy/sell orders. For example - create order at price : highest ask+1 sat update every time someone gives better price - that way you can add even 0.5% to your profit form trade (same with sell). - decrease manual trader risk, easy to code, increase manual trader profit